The independence of central banks.

In these scrambled many times we wonder if central banks are showing the independence that they should have. If you act in a neutral manner or whether the other side benefit to certain groups instead of ensuring the healthy growth of the country it controls.

The people of The Economist makes a similar question: Will the Fed is politically correct or telling the truth?.

Doubt is more than reasonable given that a central bank does not cease to be a political body, however that is independent of governments. Therefore, it can not predict a recession, even admitting that there is a possibility of that happening. In fact, the Fed never has done, but recessions have occurred regularly.

Now you see the dilemma Does if we have a recession or not? What result would admit it and take appropriate action? Is psychology maybe one of the few tools with which account?. Imagine for a moment that the FED and the ECB confirmed the entry into recession, the liquidity crisis to which we have witnessed now seem a joke.

If the preamble of an oil crisis is an expensive, surely this is it, because we have a barrel at rebate price, $ 99. Recall that part of this rise may be due to the weakness of the dollar (the Euro is already at $ 1458), which we Europeans costs us the same thing. Come on, but nothing new if somewhat scary day.

Regarding the Spanish economy, this confirms his desaceleeración to grow by 3.8% in the third quarter, which is 2 tenths less than the previous quarter. Here is the reading can be doubled, on the one hand we see that there is slowing but on the other side does not seem big enough to worry because we are the world supercrisis century is not it?

Returning to the recurring theme of the investments of our savings (well, at the bottom all are recurring themes touched today) witnessed the biggest premiere in the history of the Spanish stock market: Iberdrola Renovables. The electricity market is going to get 20% of the capital of Renewable through a subscription of shares (capital increase), putting a total of 844,812,980 shares at a price of between 5.3 euros and 7 euros for each title . In an environment of expensive oil, maybe could be considered a good investment. It remains to be seen at what price within the band, we want the place.

Ya see, nothing new under the sun (or rain) in the hope that there really interesting news is that I hope to read the comments area.

Written by Carlos Lopez on November 21, 2007 with 173 comments
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